Arrow Financial Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Arrow Financial Corp reported 167 stock positions worth $1.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 7.6%) and Arrow Financial (AROW, 5.2%). Compared with Q3 2024, it opened 1 new position, sold out of 174, added to 44 and reduced 94. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +11%) and the biggest sale iShares 10-20 Year Treasury (TLH, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- Glens Falls, NY
- CIK
- 0000717538
- Portfolio Value
- $1.1B (Q4 2024)
- SEC Filing
- 0000717538-25-000018 ↗ filed Feb 14, 2025
Holdings Value
Holdings 167 stocks · $1.1B
| VOO Vanguard S&P 500 ETF | 11.08% | 216,555 | $116.7M | Add +3.1% |
| QQQ Invesco QQQ Trust Series 1 | 7.59% | 156,458 | $80.0M | Add +10.7% |
| AROW Arrow Financial Corp. | 5.18% | 1,899,569 | $54.5M | Reduce -3.6% |
| IJH iShares Core S&P Midcap ETF | 5.12% | 866,369 | $54.0M | Reduce -2.1% |
| IJR iShares Core S&P Small-Cap E | 4.21% | 384,741 | $44.3M | Reduce -6.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.84% | 791,546 | $40.5M | Reduce -9.8% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 3.26% | 1,479,655 | $34.3M | Add +2.9% |
| IDEV iShares Core MSCI Dev MKTS | 2.79% | 455,327 | $29.4M | Add +1.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.78% | 110,986 | $29.3M | Reduce -4.4% |
| AAPL Apple Inc. | 2.74% | 115,147 | $28.8M | Reduce -1.9% |
| MSFT Microsoft Corp. | 2.31% | 57,791 | $24.4M | Reduce -1.2% |
| NVDA Nvidia Corp. | 2.31% | 181,237 | $24.3M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 1.54% | 85,969 | $16.3M | Reduce -3.5% |
| IBDX iShares Ibonds Dec 2032 TC | 1.40% | 599,943 | $14.7M | Add +2.5% |
| IBDY iShares Ibonds Dec 2033 Corp. | 1.36% | 572,653 | $14.4M | Add +4.7% |
| AMZN Amazon.com Inc. | 1.36% | 65,254 | $14.3M | Reduce -4.7% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.36% | 702,409 | $14.3M | Add +3.3% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.35% | 667,244 | $14.3M | Add +3.4% |
| IBDU iShares Ibonds Dec 2029 Term | 1.34% | 620,143 | $14.1M | Add +3.6% |
| IBDR iShares Ibonds Dec 2026 Term | 1.34% | 585,057 | $14.1M | Add +3.9% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.33% | 563,736 | $14.0M | Add +4.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.32% | 579,725 | $13.9M | Add +4.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.32% | 553,062 | $13.9M | Add +3.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.16% | 51,047 | $12.3M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.90% | 39,656 | $9.5M | Reduce -0.2% |
| CRM Salesforce Inc. | 0.83% | 26,223 | $8.8M | Reduce -0.1% |
| HD Home Depot Inc. | 0.79% | 21,369 | $8.3M | Add +1.5% |
| TLH iShares 10-20 Year Treasury | 0.77% | 81,467 | $8.1M | Reduce -62.1% |
| XHB SS SPDR S&P Homebldrs ETF | 0.76% | 76,173 | $8.0M | Add +1243.0% |
| META Meta Platforms Inc. Class A | 0.75% | 13,480 | $7.9M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.74% | 47,063 | $7.8M | Reduce -2.8% |
| LLY Eli Lilly & Co. | 0.63% | 8,569 | $6.6M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 14,459 | $6.6M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 0.62% | 67,236 | $6.5M | Reduce -0.3% |
| V Visa Inc. Class A | 0.59% | 19,621 | $6.2M | Reduce -0.7% |
| BLK BlackRock Inc. | 0.56% | 5,781 | $5.9M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.55% | 74,421 | $5.8M | Reduce -4.4% |
| WMT Walmart Inc. | 0.53% | 61,402 | $5.5M | Reduce -0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.51% | 122,054 | $5.4M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.51% | 31,733 | $5.3M | Reduce -0.8% |
| APH Amphenol Corp. Class A | 0.49% | 75,019 | $5.2M | Reduce -2.4% |
| XLRE SS Real Estate Select Sector | 0.49% | 126,879 | $5.2M | Add +1353.0% |
| CAT Caterpillar Inc. | 0.47% | 13,713 | $5.0M | Reduce -1.6% |
| SYK Stryker Corp. | 0.46% | 13,488 | $4.9M | Reduce -0.2% |
| NYF iShares New York Muni Bond E | 0.46% | 90,283 | $4.8M | Add +1.9% |
| ADBE Adobe Inc. | 0.45% | 10,669 | $4.7M | Add +1.8% |
| COST Costco Wholesale Corp. | 0.45% | 5,130 | $4.7M | Reduce -1.3% |
| NFLX Netflix Inc. | 0.45% | 5,262 | $4.7M | Reduce -0.5% |
| ICE Intercontinental Exchange Inc. | 0.44% | 31,037 | $4.6M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.42% | 41,064 | $4.4M | Reduce -3.0% |
| HON Honeywell International Inc. | 0.42% | 19,435 | $4.4M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.42% | 30,265 | $4.4M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.41% | 7,351 | $4.3M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 8,104 | $4.2M | Add +0.1% |
| MRVL Marvell Technology Inc. | 0.40% | 38,158 | $4.2M | Reduce -0.4% |
| WMB Williams Cos Inc. | 0.39% | 76,601 | $4.1M | Reduce -3.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 33,704 | $4.1M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.39% | 15,597 | $4.1M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.36% | 7,576 | $3.8M | Reduce -0.3% |
| ABT Abbott Laboratories | 0.35% | 32,675 | $3.7M | Reduce -0.2% |
| MAS Masco Corp. | 0.35% | 50,200 | $3.6M | Reduce -1.0% |
| MS Morgan Stanley | 0.34% | 28,729 | $3.6M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.33% | 8,645 | $3.5M | Reduce -0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 30,563 | $3.4M | Reduce -1.6% |
| MCD McDonald's Corp. | 0.32% | 11,480 | $3.3M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.31% | 54,592 | $3.2M | Add +1.2% |
| IR Ingersoll-Rand Inc. | 0.28% | 32,343 | $2.9M | Add +0.5% |
| XLK SS Technology Select Sector | 0.27% | 12,428 | $2.9M | Reduce -12.9% |
| DHR Danaher Corp. | 0.26% | 11,827 | $2.7M | Add +0.3% |
| PEP Pepsico Inc. | 0.25% | 17,437 | $2.7M | Reduce -0.4% |
| TMUS T-Mobile US Inc. | 0.24% | 11,437 | $2.5M | Add +6.4% |
| GOOG Alphabet Inc. Class C | 0.23% | 12,451 | $2.4M | Reduce -0.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 5,605 | $2.3M | Add +0.2% |
| TRV The Travelers Cos Inc. | 0.21% | 9,196 | $2.2M | Reduce -1.4% |
| DLR Digital Realty Trust Inc. | 0.21% | 12,300 | $2.2M | No change |
| CVX Chevron Corp. | 0.21% | 14,926 | $2.2M | Reduce -2.8% |
| TER Teradyne Inc. | 0.20% | 16,846 | $2.1M | Add +1.5% |
| PANW Palo Alto Networks Inc. | 0.20% | 11,499 | $2.1M | Reduce -7.9% |
| MINT PIMCO Enhanced Short Maturit | 0.20% | 20,578 | $2.1M | Reduce -81.2% |
| MA Mastercard Inc. Class A | 0.19% | 3,827 | $2.0M | Reduce -0.6% |
| KO The Coca-Cola Co. | 0.19% | 32,319 | $2.0M | Add +1.0% |
| UNP Union Pacific Corp. | 0.19% | 8,797 | $2.0M | Add +0.7% |
| GS Goldman Sachs Group Inc. | 0.16% | 3,017 | $1.7M | No change |
| IBHF iShares Ibond 2026 HY & Inc. | 0.16% | 74,460 | $1.7M | New |
| GD General Dynamics Corp. | 0.16% | 6,520 | $1.7M | Add +0.9% |
| CMI Cummins Inc. | 0.16% | 4,862 | $1.7M | Reduce -5.3% |
| BND Vanguard Total Bond Market | 0.16% | 23,353 | $1.7M | Add +2.6% |
| WM Waste Management Inc. | 0.16% | 8,299 | $1.7M | No change |
| COP Conocophillips | 0.15% | 15,435 | $1.5M | Add +1.7% |
| LEN Lennar Corp. Class A | 0.14% | 11,205 | $1.5M | Add +8.6% |
| SYY Sysco Corp. | 0.14% | 19,727 | $1.5M | Reduce -1.7% |
| XLF SS Financial Select Sector | 0.14% | 30,733 | $1.5M | Reduce -3.0% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 0.14% | 57,421 | $1.5M | Add +710.8% |
| XLB SS Materials Select Sector | 0.13% | 15,784 | $1.3M | Reduce -2.3% |
| YUM Yum! Brands Inc. | 0.12% | 9,579 | $1.3M | Reduce -9.3% |
| PWR Quanta Services Inc. | 0.12% | 4,015 | $1.3M | Add +26.2% |
| MUB iShares National Muni Bond E | 0.12% | 11,733 | $1.3M | Reduce -10.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 16,434 | $1.2M | Add +7.8% |
| AWK American Water Works Co. Inc. | 0.12% | 9,895 | $1.2M | Add +0.2% |
| COF Capital One Financial Corp. | 0.12% | 6,810 | $1.2M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| TLH iShares 10-20 Year Treasury | Reduce -62.1% | 0.77% | −1.40 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −1.15 |
| MINT PIMCO Enhanced Short Maturit | Reduce -81.2% | 0.20% | −0.82 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -9.8% | 3.84% | −0.45 |
| IBHD iShares Ibonds 2024 H/Y Inc. | Sold out | 0.00% | −0.27 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.3% | 4.21% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -1.8% | 0.63% | −0.09 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.4% | 2.78% | −0.05 |
| MAS Masco Corp. | Reduce -1.0% | 0.35% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.3% | 0.36% | −0.05 |
| AROW Arrow Financial Corp. | Reduce -3.6% | 5.18% | −0.04 |
| JNJ Johnson & Johnson | Reduce -0.5% | 0.42% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 0.42% | −0.04 |
| LYB Lyondellbasell Indu Class A | Reduce -17.5% | 0.07% | −0.04 |
| CAT Caterpillar Inc. | Reduce -1.6% | 0.47% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -0.4% | 0.44% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.25% | −0.02 |
| XLK SS Technology Select Sector | Reduce -12.9% | 0.27% | −0.02 |
| IBMM iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.02 |
| NGG National Grid PLC-SP ADR | Sold out | 0.00% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -4.4% | 0.55% | −0.02 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.5% | 1.16% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| USB US Bancorp | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Reduce -2.8% | 0.74% | −0.02 |
| XLB SS Materials Select Sector | Reduce -2.3% | 0.13% | −0.02 |
| LIN Linde PLC | Sold out | 0.00% | −0.02 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.02 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.02 |
| MSFT Microsoft Corp. | Reduce -1.2% | 2.31% | −0.02 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.02 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -3.7% | 0.11% | −0.02 |
| HSY The Hershey Co. | Reduce -12.6% | 0.06% | −0.01 |
| YUM Yum! Brands Inc. | Reduce -9.3% | 0.12% | −0.01 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.01 |
| EMN Eastman Chemical Co. | Reduce -0.3% | 0.07% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -0.3% | 0.62% | −0.01 |
| DE Deere & Co. | Sold out | 0.00% | −0.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -10.2% | 0.12% | −0.01 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.01 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 0.10% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -5.3% | 0.07% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | Add +10.7% | 7.59% | +1.21 |
| VOO Vanguard S&P 500 ETF | Add +3.1% | 11.08% | +0.83 |
| XHB SS SPDR S&P Homebldrs ETF | Add +1243.0% | 0.76% | +0.69 |
| XLRE SS Real Estate Select Sector | Add +1353.0% | 0.49% | +0.45 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.16% | +0.16 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Add +2.9% | 3.26% | +0.16 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +710.8% | 0.14% | +0.12 |
| IBDR iShares Ibonds Dec 2026 Term | Add +3.9% | 1.34% | +0.07 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +3.0% | 1.32% | +0.07 |
| BAC Bank of America Corp. | Add +1.1% | 0.51% | +0.07 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +4.0% | 1.32% | +0.06 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +4.0% | 1.33% | +0.05 |
| IBDU iShares Ibonds Dec 2029 Term | Add +3.6% | 1.34% | +0.04 |
| CSCO Cisco Systems Inc. | Add +1.2% | 0.31% | +0.04 |
| TMUS T-Mobile US Inc. | Add +6.4% | 0.24% | +0.03 |
| PWR Quanta Services Inc. | Add +26.2% | 0.12% | +0.03 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +3.4% | 1.35% | +0.03 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +4.7% | 1.36% | +0.03 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +3.3% | 1.36% | +0.02 |
| NYF iShares New York Muni Bond E | Add +1.9% | 0.46% | +0.01 |
| IBDX iShares Ibonds Dec 2032 TC | Add +2.5% | 1.40% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +7.8% | 0.12% | +0.00 |
| XLI SS Industrial Select Sector | Add +3.2% | 0.09% | +0.00 |
| XLE SS Energy Select Sector | Add +5.5% | 0.04% | +0.00 |
| T AT&T Inc. | Add +3.0% | 0.02% | +0.00 |
| BND Vanguard Total Bond Market | Add +2.6% | 0.16% | +0.00 |
| HD Home Depot Inc. | Add +1.5% | 0.79% | +0.00 |
| COP Conocophillips | Add +1.7% | 0.15% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +1.1% | 0.06% | −0.00 |
| TER Teradyne Inc. | Add +1.5% | 0.20% | −0.00 |
| LOW Lowe's Cos Inc. | Add +1.8% | 0.11% | −0.01 |
| SHW The Sherwin-Williams Co. | Add +0.9% | 0.09% | −0.01 |
| UNP Union Pacific Corp. | Add +0.7% | 0.19% | −0.01 |
| NEE Nextera Energy Inc. | Add +0.3% | 0.10% | −0.01 |
| IR Ingersoll-Rand Inc. | Add +0.5% | 0.28% | −0.01 |
| AWK American Water Works Co. Inc. | Add +0.2% | 0.12% | −0.02 |
| GD General Dynamics Corp. | Add +0.9% | 0.16% | −0.02 |
| KO The Coca-Cola Co. | Add +1.0% | 0.19% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.2% | 0.21% | −0.03 |
| LEN Lennar Corp. Class A | Add +8.6% | 0.14% | −0.03 |
| DHR Danaher Corp. | Add +0.3% | 0.26% | −0.05 |
| ADBE Adobe Inc. | Add +1.8% | 0.45% | −0.05 |
| AMGN Amgen Inc. | Add +6.2% | 0.39% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Add +0.1% | 0.40% | −0.06 |
| IDEV iShares Core MSCI Dev MKTS | Add +1.2% | 2.79% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 162 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q1 2026 | 157 | $994.0M | VOO, QQQ, AROW, IJH, IJR |
| Q4 2025 | 159 | $1.0B | VOO, QQQ, AROW, IJH, IDEV |
| Q3 2025 | 160 | $978.0M | VOO, QQQ, IJH, AROW, IJR |
| Q2 2025 | 160 | $949.7M | VOO, QQQ, IJH, AROW, IJR |
| Q1 2025 | 155 | $894.5M | VOO, QQQ, IJH, AROW, SPYV |
| Q4 2024 | 167 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q3 2024 | 340 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q2 2024 | 336 | $1.0B | VOO, QQQ, IJH, AROW, IJR |
| Q1 2024 | 333 | $1.0B | VOO, IJR, IJH, SPYV, AROW |